BURBANK, Calif.—Robert A. Iger, Chief Executive Officer of Walt Disney Co. (NYSE:DIS), sold a significant portion of his Disney stock, according to a recent SEC filing. On November 22, Iger sold a total of 372,412 shares, generating $42.67 million. The shares were sold at prices ranging from $114.49 to $114.93 per share.
In addition to the sales, Iger also exercised stock options to acquire 372,412 shares at a price of $92.24 per share, totaling $34.35 million. Following these transactions, Iger holds 226,766.8168 shares directly, with additional shares held indirectly through a 401(k) plan and by his spouse.
These transactions are part of Iger's ongoing management of his equity holdings in the entertainment giant, as he continues to lead the company through a dynamic period in the media industry.
In other recent news, Walt Disney has received positive attention from financial research firms following its Q4 earnings report and multi-year guidance. Evercore ISI increased its price target on Disney shares to $134, maintaining an Outperform rating, based on the company's potential for earnings growth and recent positive guidance. TD Cowen raised its Disney target to $123, maintaining a hold rating, after Disney's Q4 earnings slightly missed estimates but matched the market consensus.
Guggenheim maintained a buy rating on Disney's shares, increasing the price target from $110 to $130 based on Disney's robust EPS outlook and stronger performance in their Direct-to-Consumer (DTC) segment. Morgan Stanley (NYSE:MS) and Loop Capital raised their price targets for Disney to $125, citing the company's growth plan driven by a content turnaround and increased experiential investments.
Macquarie increased its price target from $91.00 to $110.00, maintaining a neutral stance. These adjustments follow Disney's announcement of high single-digit adjusted EPS growth in fiscal 2025, and double-digit growth in 2026 and 2027. Despite near-term risks and valuation concerns, analysts express confidence in Disney's strategic moves and potential for sustained growth, especially in the Direct-to-Consumer business. These are the recent developments in Disney's performance and future outlook.
InvestingPro Insights
As Robert A. Iger manages his equity holdings in Disney, recent data from InvestingPro sheds light on the company's current financial position and market performance. Disney's market capitalization stands at an impressive $209.63 billion, reflecting its status as a major player in the entertainment industry.
The company's stock has shown strong momentum recently, with a 20.17% price return over the past month and a 27.71% return over the last three months. This upward trend aligns with an InvestingPro Tip indicating that Disney is trading near its 52-week high, currently at 93.46% of that peak.
Despite the recent stock sales by Iger, analysts remain optimistic about Disney's prospects. An InvestingPro Tip reveals that 12 analysts have revised their earnings upwards for the upcoming period, suggesting confidence in the company's future performance. Additionally, Disney is trading at a low P/E ratio relative to its near-term earnings growth, with a PEG ratio of 0.38, potentially indicating an undervalued stock.
For investors seeking more comprehensive analysis, InvestingPro offers 13 additional tips on Disney, providing a deeper understanding of the company's financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.